New Issue: Deutsche Bank prices $8.12 million autocallable securities linked to U.S. Oil fund

By Toni Weeks

San Diego, July 6 - Deutsche Bank AG, London Branch priced $8.12 million autocallable securities due July 9, 2015 linked to the United States Oil Fund, LP, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized call premium of 11.5088% if the fund closes at or above its initial price on any quarterly call date beginning July 10, 2013.

The payout at maturity will be par unless the fund closes below 80% of its initial level on the final valuation date, in which case investors will lose 1.25% for every 1% decline beyond the 20% buffer.

Deutsche Bank Securities Inc. will act as agent.

Issuer:	Deutsche Bank AG, London Branch
Issue:	Autocallable securities
Underlying fund:	United States Oil Fund, LP
Amount:	$8,115,000
Maturity:	July 9, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless fund closes below 80% of its initial price on July 6, 2015, in which case 1.25% loss for every 1% decline beyond 20% buffer
Call:	At par plus 11.5088% per year if fund closes at or above initial price on any quarterly call date beginning July 10, 2013
Initial price:	$32.94
Pricing date:	July 3
Settlement date:	July 9
Agents:	Deutsche Bank Securities Inc.
Fees:	0.25%
Cusip:	2515A1KR1

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